Non-Honeycomb Sandwich Panel Core Materials Market by Material Type (Foam and Balsa), End User Industry (Aerospace, Wind Energy, Marine, Transportation, Construction and Others)-Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4227014
  • Report
  • 220 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • 3A Composites
  • Diab Group
  • Euro-Composites S.A.
  • Evonik Industries AG.
  • Gurit Holding AG
  • Hexcel Corporation
  • MORE
The global non-honeycomb sandwich panel core materials market was valued at $610 million in 2016, and is expected to reach $894 million by 2023, registering a CAGR of 5.6% from 2017 to 2023. A sandwich panel is a composite material that integrates a low-density core between two opposing sandwich panel skins. In the aerospace industry, sandwich panels are commonly used for a wide range of applications, from fuselage and wing skins to interior decorative panels.

Growth in demand for lightweight & durable materials in wind energy, marine, and construction industries for structural applications drives the growth of the market. Presently, the wind energy industry dominates the sandwich panel material market. Utilization of sandwich composite panels has increased owing to their characteristics such as enhanced performance and sustainable properties. Adoption of sandwich panel materials (non-honeycomb core) is highest in the Asia-Pacific region due to increase in demand from end-user industries and rise in need for sustainability in materials. However, the time consuming and complex manufacturing process is expected to hamper the market growth. Technological advancements in the composite molding processes, specifically related to sandwich panels, are anticipated to provide numerous growth opportunities for the market players.

The global non-honeycomb sandwich panel core materials market is segmented on the basis of material type, end user, and geography. By material type, the market is bifurcated into foam (low-density foam and high-density foam) and balsa. Based on end user, it is categorized into aerospace, wind energy, marine, transportation, construction, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In 2016, Asia-Pacific occupied the largest market share, followed by Europe, due to major growth in wind energy and marine end use industries. Asia-Pacific and LAMEA are anticipated to witness significant increase in demand for sandwich panel composites, owing to their growing transportation sector, improving infrastructure, and stable economic growth.

The prominent players in the global non-honeycomb sandwich panel core materials market have strategically focused on acquisition and product launches as their key strategies to gain significant market share.

The key players profiled in the report are as follows:

Diab Group
Hexcel Corporation
3A Composites
Euro-Composites S.A.
Gurit Holding AG
The Gill Corporation
Changzhou Tiansheng New Materials Co. Ltd.
Plascore Incorporated
Armacell International S.A.
Evonik Industries AG.

KEY BENEFITS

This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the non-honeycomb sandwich panel core materials market.
In-depth analysis of non-honeycomb sandwich panel core materials market size is conducted and estimations for key segments between 2015 and 2023 are provided.
Competitive intelligence (of leading manufacturers and distributors of non-honeycomb sandwich panel core materials) helps understand the competitive scenario across the geographies.
Global non-honeycomb sandwich panel core materials industry analysis for factors that drive and restrain the growth of the market are provided.
Non-honeycomb sandwich panel core materials industry analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Non-honeycomb sandwich panel core materials market share for all segments with respect to each geography is detailed in the report, which helps in understanding the trends in the industry at granular level.
Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the non-honeycomb sandwich panel core materials industry trends.
Non-Honeycomb Sandwich Panel Core Materials Market Key Segments

By Material type

Foam
Low Density Foam
High Density Foam
Balsa

By End User Industry

Aerospace
Wind Energy
Marine
Transportation
Construction
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
South Africa
Saudi Arabia
Rest of LAMEA
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3A Composites
  • Diab Group
  • Euro-Composites S.A.
  • Evonik Industries AG.
  • Gurit Holding AG
  • Hexcel Corporation
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2. EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. MARKET SHARE ANALYSIS, 2015 (%)
3.4. VALUE CHAIN ANALYSIS
3.5. PORTERS FIVE FORCES ANALYSIS

3.5.1. Bargaining power of suppliers
3.5.2. Bargaining power of buyers
3.5.3. Threat of new entrants
3.5.4. Threat of substitutes
3.5.5. Intensity of competitive rivalry

3.6. MARKET DYNAMICS

3.6.1. Drivers

3.6.1.1. Increase in adoption of sandwich panels for aircraft manufacturing
3.6.1.2. Design flexibility through sandwich panels
3.6.1.3. Rapid and economical construction techniques

3.6.2. Restraint

3.6.2.1. Time-consuming and complex manufacturing processes

3.6.3. Opportunity

3.6.3.1. Carbon/glass hybrid structures

3.7. REGULATORY FRAMEWORK

CHAPTER 4. NON-HONEYCOMB SANDWICH PANEL CORE MATERIALS MARKET BY MATERIAL TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast
4.1.2. Foam

4.1.2.1. Key market trends, growth factors, and opportunities
4.1.2.2. Market size and forecast
4.1.2.3. Low-density foams

4.1.2.3.1. Market size and forecast

4.1.2.4. High-density foams

4.1.2.4.1. Market size and forecast

4.1.3. Balsa

4.1.3.1. Key market trends, growth factors, and opportunities
4.1.3.2. Market size and forecast

CHAPTER 5. NON-HONEYCOMB SANDWICH PANEL CORE MATERIALS MARKET BY END-USER INDUSTRY

5.1. OVERVIEW

5.1.1. Market size and forecast
5.1.2. Aerospace

5.1.2.1. Key market trends, growth factors, and opportunities
5.1.2.2. Market size and forecast

5.1.3. Wind Energy

5.1.3.1. Key market trends, growth factors, and opportunities
5.1.3.2. Market size and forecast

5.1.4. Marine

5.1.4.1. Key market trends, growth factors, and opportunities
5.1.4.2. Market size and forecast

5.1.5. Transportation

5.1.5.1. Key market trends, growth factors, and opportunities
5.1.5.2. Market size and forecast

5.1.6. Construction

5.1.6.1. Key market trends, growth factors, and opportunities
5.1.6.2. Market size and forecast

5.1.7. Others

5.1.7.1. Key market trends, growth factors, and opportunities
5.1.7.2. Market size and forecast

CHAPTER 6. NON-HONEYCOMB SANDWICH PANEL CORE MATERIALS MARKET BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market size and forecast
6.1.2. North America

6.1.2.1. Key market trends, growth factors, and opportunities
6.1.2.2. Market size and forecast
6.1.2.3. U.S.

6.1.2.3.1. Market size and forecast

6.1.2.4. Canada

6.1.2.4.1. Market size and forecast

6.1.2.5. Mexico

6.1.2.5.1. Market size and forecast

6.1.3. Europe

6.1.3.1. Key market trends, growth factors, and opportunities
6.1.3.2. Market size and forecast
6.1.3.3. UK

6.1.3.3.1. Market size and forecast

6.1.3.4. Germany

6.1.3.4.1. Market size and forecast

6.1.3.5. France

6.1.3.5.1. Market size and forecast

6.1.3.6. Spain

6.1.3.6.1. Market size and forecast

6.1.3.7. Italy

6.1.3.7.1. Market size and forecast

6.1.3.8. Rest of Europe

6.1.3.8.1. Market size and forecast

6.1.4. Asia-Pacific

6.1.4.1. Key market trends, growth factors, and opportunities
6.1.4.2. Market size and forecast
6.1.4.3. China

6.1.4.3.1. Market size and forecast

6.1.4.4. Japan

6.1.4.4.1. Market size and forecast

6.1.4.5. India

6.1.4.5.1. Market size and forecast

6.1.4.6. Australia

6.1.4.6.1. Market size and forecast

6.1.4.7. Korea

6.1.4.7.1. Market size and forecast

6.1.4.8. Rest of Asia-Pacific

6.1.4.8.1. Market size and forecast

6.1.5. LAMEA

6.1.5.1. Key market trends, growth factors, and opportunities
6.1.5.2. Market size and forecast
6.1.5.3. Brazil

6.1.5.3.1. Market size and forecast

6.1.5.4. Turkey

6.1.5.4.1. Market size and forecast

6.1.5.5. South Africa

6.1.5.5.1. Market size and forecast

6.1.5.6. Saudi Arabia

6.1.5.6.1. Market size and forecast

6.1.5.7. Rest of LAMEA

6.1.5.7.1. Market size and forecast

CHAPTER 7. COMPANY PROFILES

7.1. 3A COMPOSITES

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments, 2014-2017

7.2. ALCOA CORPORATION

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance

7.3. ARMACELL INTERNATIONAL S.A.

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments, 2015-2017

7.4. BONDI

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio

7.5. CHANGZHOU TIANSHENG NEW MATERIALS CO. LTD.

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance

7.6. CORELITE INC.

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Key strategic moves and developments, 2014-2017

7.7. DIAB GROUP

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments, 2015-2017

7.8. EVONIK INDUSTRIES AG

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments, 2014-2016

7.9. GURIT HOLDING AG

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments, 2016

7.10. MILLIKEN & COMPANY

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio

7.11. PROTECH COMPOSITES

7.11.1. Company overview
7.11.2. Company snapshot
7.11.3. Product portfolio

7.12. XXENTRIA TECHNOLOGY MATERIALS CO., LTD.

7.12.1. Company overview
7.12.2. Company snapshot
7.12.3. Operating business segments
7.12.4. Product portfolio
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FEATURED COMPANIES

  • 3A Composites
  • Diab Group
  • Euro-Composites S.A.
  • Evonik Industries AG.
  • Gurit Holding AG
  • Hexcel Corporation
  • MORE
Non-Honeycomb Sandwich Panel Core Materials Market Report, forecasts that the global market was valued at $690 million in 2016, and is projected to reach $894 million by 2023, growing at a CAGR of 5.6% from 2017 to 2023. Asia-Pacific is dominating the non-honeycomb sandwich panel core materials market, and is expected to continue leading through 2023.

Sandwich structure is a composite configuration that consists of high strength composite facing sheets bonded to lightweight foam, balsa, or honeycomb core. Examples of these structures include skins made of glass/carbon/Kevlar fibers in vinyl ester/epoxy matrix bonded and separated by core materials such as foam and balsa. Sandwich panel serves designers in multiple ways; for example, they are majorly used to achieve high structural rigidity & low weight, and to impart enhanced properties such as vibration & noise damping, improved insulation behavior, and impact resistance.

Sandwich panels are lighter than individual components, resulting in increased adoption in automotive, aerospace & defense, marine, wind energy, and construction industries. However, high production cost of sandwich panel materials is projected to restrain the growth of the global market. Technological advancements in the composite molding processes, specifically related to building materials, are anticipated to provide numerous growth opportunities for the market players.

Foam accounted for around two-thirds of the revenue in 2016. The high-density foam segment dominated the market, generating for nearly three-fourths of the total revenue in the same year. Aerospace segment is expected to witness the fastest growth, owing to rise in demand for lightweight and durable materials.

Key Findings of Non-Honeycomb Sandwich Panel Core Materials Market

Foam segment is expected to grow at a CAGR of 5.8% during the forecast period.
India is estimated to be the fastest growing country, globally, for 2017-2023, growing at a CAGR of 7.3%.
Wind energy end user industry approximately occupied more than two-fifths of the global market share in 2016.
Germany occupied approximately one-fourth of the Europe non-honeycomb sandwich panel core materials market in 2016, and is expected to grow at a significant CAGR of 4.3%.
In 2015, Asia-Pacific and Europe collectively accounted for nearly two-thirds of the market, though North America is expected to grow at a faster rate than Europe during the forecast period. High growth rates in Canada, and Mexico, is estimated to drive this development.

The major companies profiled in the report include Diab Group, Hexcel Corporation, 3A Composites, Euro-Composites S.A., Gurit Holding AG, The Gill Corporation, Changzhou Tiansheng New Materials Co. Ltd., Plascore Incorporated, Armacell International S.A., and Evonik Industries AG.
Note: Product cover images may vary from those shown
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  • Diab Group
  • Hexcel Corporation
  • 3A Composites
  • Euro-Composites S.A.
  • Gurit Holding AG
  • The Gill Corporation
  • Changzhou Tiansheng New Materials Co. Ltd.
  • Plascore Incorporated
  • Armacell International S.A.
  • Evonik Industries AG.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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